Market Overview

UPDATE: Stifel Nicolaus Raises PT to $23 on SciQuest on Revenue Reaccelerating Outlook

Related SQI
Moving Average Crossover Alert: SciQuest (SQI) - Tale of the Tape
UPDATE: William Blair Upgrades SciQuest Following Executive Meetings

Stifel Nicolaus maintained SciQuest (NASDAQ: SQI) with a Buy rating and raised the price target from $20.00 to $23.00.

Stifel Nicolaus analyst Tom Roderick commented, "We had the opportunity to host investor meetings with SciQuest management in San Francisco on March 12, 2013. We believe that expanding the commercial presence remains the company's most prominent near-term goal, and that the 2012 acquistions of Upside and Spend Radar are helping to establish a broader footprint in the commercial space. As we continue to to remain enthusiastic for the mid/long-term picture, we are raising our 12-month target price from $20 to $23."

SciQuest closed at $20.78 on Tuesday.

Latest Ratings for SQI

DateFirmActionFromTo
Jul 2014Raymond JamesMaintainsOutperform
May 2014JMP SecuritiesMaintainsMarket Outperform
May 2014Raymond JamesMaintainsOutperform

View More Analyst Ratings for SQI
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

Related Articles (SQI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters